by accnetadmin | Aug 31, 2021 | Uncategorized
First let’s talk basics What is income tax? It’s an amount an individual has to pay which is calculated as a percentage against the income made by that person. Income tax is payable only after a substantial amount of income is made and the threshold is subjective to...
by accnetadmin | May 23, 2021 | Uncategorized
The Federal Budget on April 19, 2021 included a mixture of short- and long-term initiatives (like the Canada Recovery Hiring Program, and extra SIF funding for bio-manufacturing, respectively). Some are extensions to existing programs, just like the extension of CEWS...
by accnetadmin | May 23, 2021 | Uncategorized
@ACCNET ACCOUNTING The 2021 Federal Budget outlines the extension of various relief programs as well as updates to eligibility requirements. The COVID-19 pandemic continues to cause significant hardship to Canadians and businesses and we guide you through what the...
by accnetadmin | Mar 25, 2021 | News, Uncategorized
2020 has been a hard year, and unfortunately, Canadians have been left with the unsure feeling if CERB truly has helped their finances, or if they have just dug themselves a hidden tax bill. In this article, we aim to help Canadian’s understand some of the...
by accnetadmin | Jan 23, 2021 | Uncategorized
Surviving in this new era is quite challenging with minimal wages as the prices of everything go up every now and then. To help with living expenses in this generation and to aid the existing income, starting a new business might be a brilliant plan but intimidating...
by accnetadmin | Jan 23, 2021 | Uncategorized
Firstly, what does RRSP stand for? It stands for a registered retirement savings plan. It is some of the most common types of tax-deferred accounts, which means the tax payments can be postponed and paid until the deadline reaches for to pay the taxes. RRSPs were...
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